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The Pentagon is investing $1B in L3Harris’ missile unit to boost production and create a public defense company by late 2026.
The U.S. Department of Defense is investing $1 billion in L3Harris Technologies’ missile business via a convertible preferred security to accelerate production of solid rocket motors for key defense systems like Tomahawk, Patriot, THAAD, and Standard Missile.
The investment will support the spin-off of the missile unit into a standalone, publicly traded company expected to go public in late 2026, with L3Harris retaining control.
The move, part of a broader Pentagon strategy to strengthen the defense industrial base, aims to boost supply chain resilience, reduce reliance on long-term contracts, and streamline procurement.
The government will act as an anchor investor, enabling long-term agreements and addressing production bottlenecks.
The deal follows similar efforts with Lockheed Martin to expand missile output and reflects a shift toward direct government involvement in strategic defense suppliers.
El Pentágono está invirtiendo $ 1B en la unidad de misiles L3Harris para impulsar la producción y crear una compañía de defensa pública a finales de 2026.